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PPL Corp., based in Allentown, Pennsylvania, has generation, transmission, distribution, and wholesale operations. Its utilities deliver electricity and natural gas on a regulated basis to customers in Pennsylvania, Kentucky, Rhode Island, and Virginia. The company also serves natural gas customers in Kentucky. The company has 3.5 million customers. In 2023, Kentucky regulated utilities accounted for 42% of total revenue while Pennsylvania regulated utilities accounted for 36%. PPL has regulated utility operations in Pennsylvania (PPL Electric, 1.4 million customers), Kentucky (KU and Louisville Gas and Electric, 1.3 million), Virginia (less than 0.1 million) and Rhode Island (Rhode Island Energy, previously called Narragansett Electric, 0.8 million). PPL has significant coal usage as a generating fuel. Management is targeting net-zero emissions by 2050, which is in line with utilities with coal plants. The company's market cap is $24 billion.

Stocks are generally lower. There is a hyper-focus on the labor market this week, especially ahead of the Fed's rate meeting mid-month. The big question is whether the labor market is weaker than originally thought. Fresh data came in this morning. First, this morning, private payrolls data came in weaker than expected. The ADP Employment report printed at 99,000 new jobs for August, much lower than the 140,000 expected. Second, Weekly Jobless Claims came in 227,000 for the week ending August 31, about even with the 225,000 expected. Tomorrow, the Labor Department will deliver its Jobs report for August.

WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 48% electric generation and distribution, 36% gas distribution, 10% electric transmission, and 6% unregulated renewable energy.

Consolidated Edison serves 3 million electric customers, 1.1 million gas customers, and 1,800 steam customers throughout the New York region. ED provides a wide range of energy-related products and services through the following subsidiaries: Consolidated Edison Co. of New York (CECONY), a regulated utility providing electricity, gas and steam in New York City and Westchester County; Orange and Rockland Utilities, a utility serving customers in southeastern New York State, northern New Jersey, and northeastern Pennsylvania; Con Edison Solutions, a retail energy supply and services company; Con Edison Energy, a wholesale energy supply company; Con Edison Development, which owns and operates generating plants and participates in other infrastructure projects; and Con Ed Transmission, a FERC-regulated electric and natural gas utility. The company employs approximately 15,000 people. With the sale of Con Edison Clean Energy Businesses, Con Ed has become a pure-play regulated utility with almost 94% of assets at CECONY, which also accounts for about 93% of total revenues. The company has little generating power except for steam production, and purchases and transports gas from as far away as Canada and the Gulf of Mexico. In 2023, gas accounted for 21% of revenues and electricity accounted for about 74%, with about half of electric revenues from businesses and municipal customers. ED is increasing investment in solar and wind generation, and is targeting net-zero emissions by 2040.